Please prepare a balance sheet with the information below.

Retained Earnings
Retained Earnings				14,544
Net Income				10,777
Dividends Distributed				(6,577)
Retained Earnings Ending Balance				18,744

Income Statement
Sales	56,875
Cost of Goods Sold	32,733
Gross Profit	24,142
Operating and Admin Expenses
Salaries Expense	3,255
Depreciation Expense: Equipment	322
Depreciation Expense: Building	460
Bad Debt Expense	896
Insurance Expense	1,100
Other Expenses	956
Operating and Admin Expenses	6,989
Operating Income	17,153
Non Operating Income
Interest Income	22
Non Operating Expenses
Interest Expense	1,555
Loss on Disposition of Equipment	42
Total Non Operating Expense	1,597
Income Before Tax	15,578
Income Tax Expense	4,801
Net Income	10,777

Adjusted Trial Balance

December 31, 2015

Debit

Credit

Cash

$ 2,691

Accounts Receivable

5,526

Allowance for Doubtful Accounts

$ 668

Inventory

12,596

Prepaid Insurance

145

Notes Receivable

365

Equipment

15,800

Building

18,560

Land

4,255

Accumulated Depreciation: Equipment

3,245

Accumulated Depreciation: Building

5,656

Accounts Payable

5,663

Notes Payable

15,500

Salaries Payable

145

Interest Payable

67

Income Taxes Payable

4,650

Common Stock

Par

$ 0.10

280

Additional Paid-In Capital

5,320

Retained Earnings

14,544

Dividends Distributed

6,577

Sales (Revenue)

56,875

Interest Earned

22

Cost of Goods Sold

32,733

Salaries Expense

3,255

Other Expenses

956

Loss on Disposition of Equipment

42

Depreciation Expense: Equipment

322

Depreciation Expense: Building

460

Bad Debt Expense

896

Insurance Expense

1,100

Interest Expense

1,555

Income Tax Expense

4,801

$ 112,635

$ 112,635